24 Provision by promoter of client list

(1) Subject to Regulation 26, a person who is required, under section 817M of the Principal Act, to provide the Revenue Commissioners with a client list (within the meaning of that section) shall provide such list to the Commissioners—

(a) within the period of 30 days beginning on the day after the day on which—

(i) the promoter first makes the disclosable transaction concerned available to a person for implementation, or

(ii) in a case where the relevant date is the date referred to in paragraph (c) of the definition of “relevant date” in section 817D(1) of the Principal Act, the promoter first becomes aware of any transaction forming part of the disclosable transaction having been implemented,

and

(b) thereafter, subject to paragraph (3), within the period of 5 days beginning on the day after the end of each quarter.

(2) For the purposes of this Regulation “quarter” means a period of 3 months ending on 31 March, 30 June, 30 September or 31 December.

(3) Paragraph (1)(b) shall not apply to a quarter during which the promoter—

(a) has not made the disclosable transaction available to a person for implementation, or

(b) has provided the Revenue Commissioners with a client list in accordance with paragraph (1)(a) and has not made the disclosable transaction available to any other person for implementation in the period from the date the client list was provided to the Revenue Commissioners to the last day of the quarter concerned.

(4) A client list required to be provided to the Revenue Commissioners in accordance with paragraph (1)(b) (in this paragraph referred to as the “latest client list”) shall not include the name, address and tax reference number of any person who has been included in a client list in respect of the disclosable transaction to which the latest client list relates, in any preceding quarter.